The Fund aims to provide a total return (the combination of income and capital growth) which is higher than inflation over the medium term.
The Fund invests in a varied mix of asset classes including equities (e.g. company shares), bonds (contracts to repay borrowed money which typically pay interest at fixed times), cash and listed property in a manner similar to that usually employed by retirement funds.
Other investments may include the units of other funds (including foreign funds) and derivatives (financial contracts whose value is linked to the price of an underlying asset)
Want a fund which provides income as well as capital appreciation
Want lower volatility than typical balanced funds
Want a defensive investment – one which provides stable earnings, regardless of the state or cycle of the economy
Benchmark
The Ninety One Cautious Managed Fund aims to beat the average of its peer group, measured over a three year rolling period.
Strategy of Ninety One Cautious Managed Fund
The Fund seeks capital preservation and absolute returns through active asset allocation. Low equity weighting limits drawdown. Stock selection is oriented towards a quality approach, seeking to deliver consistent performance through the business cycle.